This famous Model A hot rod driven by Elvis Presley in the 1957 film Loving You will be sold at auction in Hollywood on August 31. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines: 

+   Renault management may be willing to reduce the company’s 43.4 percent in Nissan in order to revive its stalled merger talks with Fiat Chrysler Automobiles. More at Automotive News Europe. 

+   While minivan sales continue to decline, industry analysts say the category will continue to thrive, thanks to a loyal customer base and healthy profit margins. More at The Detroit News.

+   As the two-year sales provisions in their original purchase contracts expire, used 2017 Ford GTs are now starting to enter the market priced at $1 million to $2 million. More at Autoblog. 

+   Lyn St. James, injured in a crash in the Vintage Race of Champions Charity Pro-Am at Indianapolis Motor Speedway, was discharged from IU Health Methodist Hospital. More at Racer. 

+  General Motors said Vice President Mike Pence’s declaration that electric truckmaker Workhorse had secured the cash to buy the GM Lordstown plant was premature. More at the Detroit Free Press. 

+   Ferrari share prices slipped late in the week as the luxury carmaker failed to improve its 2019 guidance figures despite a strong earnings performance in the first half of the year. More at Reuters. 

+  A pioneer hot rod built by John Athan in 1937 and best known for its connection to Elvis Presley will be offered by Kruse GWS Auctions at the Hard Rock Café in Hollywood. More at Classic Cars.com Journal. 

+   Detroit-based American Axle & Holdings reported disappointing earnings of $52.5 million in the second quarter, a decline of 65 percent that sent share prices tumbling. More at Crain’s Detroit Business. 

+   Fiat Chrysler Automobiles will continue to offer the previous-generation Ram 1500 Classic alongside the latest-generation 2019 Ram 1500 with some upgrades. More at CNET Roadshow. 

+   NASCAR driver Bubba Wallace of Richard Petty Motorsports sounded off against veteran Kyle Busch after the two banged sheet metal in the Watkins Glen Monster Cup event. More at NBC Sports. 

Review the previous Executive Briefing from August 2 here.

Photo by Kruse GWS Auctions. 

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